U.S. power plant operators and developers added 20.2 gigawatts (GW) of utility scale power generating capability during the first six months of 2024, according to an Aug. 19 report published by the U.S. Energy Information Administration. The new capacity is 21 percent or 3.6 GW higher than capacity added during a similar period in 2023…....
The Nova Scotia Utility And Review Board on Aug. 13 approved Nova Scotia Power Inc.’s 2024 Annual Capital Expenditure Plan, or ACE, which details the company’s proposed capital spending for the next year. The company sought approval for capital projects totaling $257.6 million. Nova Scotia Power estimates its total capital spending for 2024 at $433.9…...
PJM Interconnection LLC’s capacity market auction for the 2025/2026 delivery year cleared at $269.92 per megawatt-day (MW-day), about nine times the clearing price in the last auction. The significantly higher prices resulted from…Read the full report…...
The U.S. Treasury Department on Aug. 7 reported that over 3.4 million U.S. consumers benefited from $8.4 billion in tax credits to reduce the costs of clean energy and energy efficiency enhancements to their households during 2023. This is the first public release of data from 2023 tax filing displaying the benefit of clean energy…...
The Minnesota Public Utilities Commission on Aug. 2 approved Minnesota Power’s high-voltage direct-current, or HVDC, transmission project designed to increase capacity to prepare the system for future expansion and address grid reliability. The approval allows for a capacity of up to 900 megawatts (MW), up from the current 550 MW capacity. The project is estimated…...
Hurricane Beryl, the first major hurricane of the 2024 Atlantic hurricane season, has brought new attention to the fragility of the Texas power grid and the pressing need to…Read the full report…...
Recent policy and regulatory measures concerning competitive retail electricity markets are increasingly focused on enhancing oversight and transparency. New state actions strive to…Read the full report…...
Recent policy and regulatory measures concerning competitive retail electricity markets are increasingly focused on enhancing oversight and transparency. New state actions strive to strengthen these markets with improved regulatory oversight and consumer protections to prevent unsavory practices by competitive suppliers.
The Michigan Public Service Commission approved a settlement agreement authorizing Consumers Energy Company to raise its natural gas distribution rates by about $35 million, effective Oct. 1, 2024. The amount approved is significantly lower than the $136 million that the utility initially requested. Under the agreement, Consumers Energy will receive a rate of return of…...
The New York State Public Service Commission on July 18 finalized gas and electric rate plans for Central Hudson Gas & Electric Corporation for the period commencing July 1, 2024 until June 30, 2025. The commission approved a total increase in electric and gas revenues of $79.3 million, well below the $181 million that the…...
